Financial Highlights: FY'22 Performance and Strategic Outlook
March 2023
Source: Tinkoff
- Total revenues for FY'22 grew by 34% year-on-year to US$5.5B, compared to US$4.12B in FY'21.
- Total customers reached 28.9 million in FY'22, showing a significant increase from 20.8 million in FY'21.
- Non-credit business lines contributed 52% to the total revenues.
- Return on Equity (ROE) was 10.9% in FY'22, with a notable increase to 21.5% in 4Q'22.
- In FY'22, net interest income increased by 9% year-on-year to US$2.16B.
- Cost of risk increased to 9.9% in FY'22, compared to 4.5% in FY'21.
- In 4Q'22, non-credit revenue represented 52% of the Group's revenue and 43% of the Group's profit before tax.
- Total assets grew by 21.3% to US$24B in 4Q'22.
- The Group's net loan book remained stable at US$9.11B, while the gross loan book increased by 7% to US$11B.
- The NPL ratio widened to 12.1% in 4Q'22 from 8.6% in 2021, with credit loss allowance coverage at 1.4x non-performing loans.
- Customer accounts increased by 26% to US$17.9B by the end of FY'22.
- Total equity increased by 17% to US$3.1B at the end of FY'22.
- The Group temporarily suspended dividend payments in November 2021, which remained intact through 2022 and extended into FY2023.
- The Group abstains from providing detailed guidance for FY 2023 outlook at this stage due to market uncertainty.
